Sand Hill Global Advisors LLC purchased a new stake in shares of Realty Income Corporation (NYSE:O) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 5,982 shares of the real estate investment trust’s stock, valued at approximately $330,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its stake in Realty Income Corporation by 314.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 1,462 shares during the last quarter. Founders Capital Management bought a new position in shares of Realty Income Corporation in the 1st quarter worth about $107,000. Harbour Capital Advisors LLC bought a new position in shares of Realty Income Corporation in the 1st quarter worth about $119,000. Bessemer Group Inc. lifted its position in shares of Realty Income Corporation by 42.1% in the 2nd quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 652 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of Realty Income Corporation by 6.1% in the 1st quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 143 shares during the last quarter. 68.97% of the stock is owned by institutional investors and hedge funds.
In related news, Director Gregory Mclaughlin sold 3,200 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the completion of the sale, the director now owns 15,986 shares in the company, valued at $940,776.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.
Several brokerages recently weighed in on O. UBS AG upgraded shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $52.00 to $57.00 in a research report on Friday, September 8th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. BidaskClub raised shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Canaccord Genuity initiated coverage on shares of Realty Income Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $61.00 target price on the stock. Finally, Morgan Stanley lifted their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $64.24.
ILLEGAL ACTIVITY WARNING: “Sand Hill Global Advisors LLC Buys Shares of 5,982 Realty Income Corporation (O)” was first published by BBNS and is the sole property of of BBNS. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://baseballnewssource.com/markets/sand-hill-global-advisors-llc-invests-330000-in-realty-income-corporation-o-stock/1602105.html.
Shares of Realty Income Corporation (O) opened at 57.57 on Friday. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $69.14. The company’s 50 day moving average is $57.88 and its 200 day moving average is $57.43. The firm has a market capitalization of $15.78 billion, a PE ratio of 49.25 and a beta of 0.31.
Realty Income Corporation (NYSE:O) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The firm had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.86 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts forecast that Realty Income Corporation will post $1.19 earnings per share for the current year.
The business also recently declared a oct 17 dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be issued a dividend of $0.212 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a yield of 4.33%. This is an increase from Realty Income Corporation’s previous oct 17 dividend of $0.21. Realty Income Corporation’s dividend payout ratio is 217.09%.
Realty Income Corporation Profile
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
Receive News & Ratings for Realty Income Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corporation and related companies with our FREE daily email newsletter.